1. Help us find a house to buy #

We’re currently looking for a property!

We’d love a group house (space for 6-10 people) in NE London (we know and love Haringey very well!). We are a non-nuclear, chosen family and want the spaces to reflect this – a creative studio, great communal spaces and a super-bonus would be a community/guest space we can offer as a base for local activism. In short, shared spaces > private bedrooms/bathrooms.

Ideally its “in need of modernisation” (that’s what estate agents say when it’s a bit of a wreck in need of love). We’re excited about showing a space what some collective love can do and are up for (small to medium) challenges. We’re keen to retrofit and/or remodel a space into a warm and cosy home - insulating, installing renewables and minor extensions/garden building work (preferably without planning risk).

In our dreams, a seller would offer to do what’s called a “seller’s mortgage”. This is where: instead of a bank giving a buyer a mortgage, the seller does. Essentially, slowly selling the house to the buyer (normally + interest). We think this is a pretty neat concept because the buyer gets more money, the seller spends less money, and we all get to stick it to the man (the bank). (There can also be a “partial seller’s mortgage” where there is a lump sum exchange for part of the value and then the rest is slowly purchased)

If you hear of somewhere which might be a good fit for us, let us know about it!

2. Lend Perennial money #

In order to buy a house, we need money. We wish it were not so, but it is (for now), so…

One of the main reasons we legally registered as a co-op was because it gives us the right to “issue loanstock”, which is just a fancy way of saying “borrow money from people, and give them interest”.

What is Loanstock? Loanstock are fixed term loans made to the coop by individuals (for example you, your family, or your friends) or organisations (for example other co-ops). The interest rate and term (length) of the loan is mutually agreed upon by the loanstock holder and the co-operative.

This is great because it’s really important to us that there is no financial barrier to being involved in the project - there are lots of projects where a group of people pool their money and buy a house together, but this only works if you already have money.

One of the advantages of loanstock is that it cuts out intermediary services and their cost, so we can stick it to the man, the full amount goes directly into the co-op and we get to pass interest directly to comrades, rather than ethically ambiguous investors.

We’re incredibly flexible on the terms (how much, how many years, what interest rate, when interest in paid, etc…). We are re-framing your typical ‘investment negotiation’ into two-way conversations to work out how to share money in a way that benefits us all, so do talk to us if there is anything specific that couldwork for you!

In case that feels overwhelming however, we have curated some cute persona templates to spark ideas of some options. Broadly, however, to be clear: it would help the project most if you could lend us as much money as possible, for as long as possible, for the lowest interest rate possible!

1. Pine - quick verdant growth, lush and fragrant.

Pine is someone who is not currently sure what the future holds, but is very enthusiastic about the project and keen to help. They can afford to lend £2K to Perennial for 5 years at 0% interest, excited to help get the ball rolling.

Their capital (£2K) is repaid at the end of term.

2. Walnut - hardy and vigorous, nutritious gifts year on year.

Walnut is someone who can offer £10K for 10 years, but requests 2% interest on this.

Perennial agrees to pay interest (£200) yearly, with capital (£10K) repaid at the end of term.

3. Oak - stable and wise, with mossy limbs supporting the wider ecosystem.

Oak has £120K in savings accounts and is interested in moving away from banks with dubious investments. They would like to match what they get from their savings account, so ask for 3% interest.

Perennial suggests an amortised (combining capital and interest) return of £12K/year for 15 years (£160K total returned).

4. Yew - slow and steady, here for the long-term.

Yew has £30K to invest long-term and doesn’t need it back quickly. They are looking for a steady income in later life but won’t need this capital until they retire.

We agree an amortised return with an interest rate of 4.33% starting in 35 years (once the mortgage is paid off). A total of £180k is returned, paying £1K/month for 15 years.

5. Choose your own adventure…

Let’s start a conversation…

If you’d like to see how the above values were calculated, or have a play around with calculating some values yourself, check out this spreadsheet.

If this is sounding like something which you could see yourself getting involved in, please do email us and let us know how much you might be able to lend, for how long, at what rate, and if/when you’d like interest paid ❤️

Legal note: Our loanstock offer opened on April 24th 2026, and will close on July 31st 2026.